Word: northwest
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Dates: during 1970-1979
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...Sunday, U. S. helicopter gunships dropped South Vietnamese paratroops into Cambodia in a raid intended to free U. S. prisoners. When they arrived near Mimot, a town 75 miles northwest of Saigon, they found the suspected prisoner of war camp empty. Instead, the party captured 30 North Vietnamese soldiers who were in the area...
...airline industry these days resembles an executive-suite version of The Matchmaker. Pan Am is flirting with Eastern Airlines and has an eye on Braniff. Northwest Orient last week won permission to take ailing Northeast for better or worse but lost the dowry it had expected. The Civil Aeronautics Board ruled that Northeast's Miami-Los Angeles route was not part of the arrangement-which consequently could fall through. Meanwhile, American and Continental were both vying for Kirk Kerkorian's Western Airlines, and American took over Trans-Caribbean, which flies between the East Coast and some Caribbean points...
...loves, but often needs company-and 1970 was a miserable year. Pan Am and seven of the eleven domestic trunk lines lost a total of at least $125 million during the year. The nine regional airlines collectively lost another $50 million. Only four big lines-Eastern, Continental, Delta and Northwest Orient-showed a profit, mostly because they had the good luck to have busy routes, and made the most efficient use of their planes. Airmen argue that mergers will increase efficiency and reduce costs, and the Nixon Administration seems favorably disposed to the aerial matchmaking...
When will it all bottom out? Probably not very soon. Says William P. Jeske, chief economist for Pacific Northwest Bell: "The real day of reckoning is still before us-and the community is not prepared for it." It may very well be, as some Seattleites claim, that the 89% of the people who are working are making more money than ever before. But somehow-perhaps because they are afraid-it seems that they are not spending as much as they might. What is more, in the next two months another 10,000 people are expected to join the unemployment rolls...
...known to union brothers, is up for re-election next year and desperately needs to make a strong showing. He has been pressed by a competing union: the more vigorous Teamsters have been successfully raiding the clerks' membership. So disastrous were the results of a recent strike against Northwest Airlines that some clerks burned C.L. in effigy...